Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the country that empowers corporations to be a strong force for good. This week, California joined that revolution when Governor Jerry Brown created two new classes of corporations for businesses that seek to pursue both profit and purpose: Benefit Corporations and Flexible Purpose Corporations.
A top U.S. Treasury Department official cautioned counterparts at the Energy Department that their plan to help a failing solar-power company, Solyndra LLC, by restructuring its $535 million federal loan could violate the law and should be cleared with the Justice Department.
An Obama administration appointee at the U.S. Energy Department pressed White House analysts to sign off on a $535 million loan guarantee for Solyndra LLC even though his wife worked for the failed solar-panel maker's law firm.
The top prosecutor for Northern California won't participate in a criminal investigation of failed solar energy company Solyndra because of ties to a law firm involved in the case.
Eastman Kodak may have dodged the bankruptcy bullet after announcing a regular financial repayment. Shares have nearly doubled since Friday, when they set a record low amid reports the end was near.
Ten years after lawyers helped forge an agreement to bring China into the World Trade Organization , a step that created opportunities for scores of non-Chinese businesses, foreign attorneys in the country wish they had struck a better deal for themselves.
Week two of the Conrad Murray trial gets underway Monday morning, and the doctor has already taken quite a pummeling.
Stock index futures were modestly lower on Monday, extending equities losses from the previous session as concerns over Greece's teetering finances returned to the forefront.
The judge in the manslaughter trial of Michael Jackson's doctor issued a sharply worded gag order for attorneys on Friday and ordered one of them to return for a possible contempt hearing after he appeared on a TV show telling details about the case.
The Eastman Kodak Co. issued a statement Friday saying it was committed to meeting its obligations, and had no plans to file for bankruptcy protection.
Eastman Kodak shares dropped 54 percent on Friday because of rumors that the camera maker hired a law firm to advise it on how to carry out a major restructuring or bankruptcy filing.
Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its toning shoes help wearers get fit faster, the U.S. Federal Trade Commission said on Wednesday.
Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.
A court ruling striking down the Department of Defense's Don't Ask Don't Tell policy must be declared moot, the Ninth Circuit Court of Appeals ruled. Thursday.
Silvercorp Metals Inc. said Friday it is suing a group of detractors for allegedly spreading falsehoods about the company in the hope of profiting from a decline in its share price.
AT&T and T-Mobile USA are doing everything in their power to save their $39 million merger, including hiring the best available antitrust lawyers in the country.
MoD Finally Ready to Compensate Bloody Sunday Massacre Victims. Britain’s Ministry of Defence is finally ready to pay compensation to the families of those killed or injured in the Bloody Sunday Massacre in Northern Ireland in 1972
A U.S. judge set a February 13 start for a trial over whether AT&T Inc can buy rival T-Mobile USA, a compromise between the companies' desire for a quick resolution and the Justice Department's request for more time to prepare its case.
A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into foreclosure.
Several hundred South African former miners have launched court proceedings against Anglo American Plc in London, the latest in a wave of lawsuits and compensation claims over lung disease that could cost the gold industry billions.
China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina (SINA.O) and Baidu (BIDU.O) to list overseas, and employed in thousands of other investments by foreigners into domestic Chinese companies, four legal sources told Reuters.
Summit Entertainment is suing the owner/operator of twilight.com, claiming the primitive fan merchandise site violates its copyright.